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Single Family ResidenceResidential
$597,987$755 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 51How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

532 E MERRILL ST

INDIANAPOLIS, IN 46203
3
Beds
0
Baths
792 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
3,528 ft²
Lot SizeThe size of the land the home sits on, from county records.
1920
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$598K
$304K low$892K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,694 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$76,100 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$42,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$33,300
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$71,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$76,100

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.2 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMARION
Lot (acres)The size of the land the home sits on, from county records.0.08
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.No Foundation
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Henry W. Longfellow Middle SchoolC+
Middle · Grades 6–8 · 0.6 mi
E
Washington Irving Neighborhood School 14
Elementary · Grades PK–5 · 0.9 mi
H
Arsenal Technical High SchoolF
High · Grades 9–12 · 1.4 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46203These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.128
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.107
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.36

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.88%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.39,395
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,862 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$57,786
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$71,941
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

532 E Merrill St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Among the most valuable homes in Indianapolis 46203
  • Among the highest price per square foot in Indianapolis 46203
  • Smaller than 95% of homes in Downtown
  • Has a smaller lot than 93% of homes in Marion County
  • Older than 87% of homes in Marion County

What homes are worth in Indianapolis 46203

Each bar is how many homes fall in that price range. The marker is this home.

This home
$74K$480K

This home is worth more than almost all homes in Indianapolis 46203.

How it measures up in Indianapolis 46203

The dot is this home. The mark in the middle is the typical home in Indianapolis 46203.

Estimated value$597,987
CheaperTypical $154,327Pricier

Pricier than almost all homes nearby

Price per ft²$755
CheaperTypical $132Pricier

Pricier than almost all homes nearby

Living area792 ft²
SmallerTypical 1,188 ft²Bigger

Bigger than 11% of homes nearby

Lot size3,528 ft²
SmallerTypical 0.13 acBigger

Bigger than 9% of homes nearby

Year built1920
OlderTypical 1947Newer

Newer than 31% of homes nearby

How 532 E Merrill St ranks against every home in each area.
MeasureThis homeDowntownIndianapolis 46203Marion County
Estimated valuepricier than$597,98787% of homesalmost all homes96% of homes
Price per ft²pricier than$755almost all homesalmost all homesalmost all homes
Living areabigger than792 ft²5% of homes11% of homes5% of homes
Lot sizebigger than3,528 ft²66% of homes9% of homes7% of homes
Year builtnewer than192032% of homes31% of homes13% of homes

About 532 E Merrill St

How much is 532 E Merrill St, Indianapolis, IN worth?

The TopHap Estimate for 532 E Merrill St, Indianapolis, IN is $597,987 as of Sep 24, 2026. The likely range is $304,248 to $891,726. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 532 E Merrill St, Indianapolis, IN last sell?

532 E Merrill St, Indianapolis, IN last sold on Apr 2, 2025, according to the county's recorded deed.

How big is 532 E Merrill St, Indianapolis, IN?

532 E Merrill St, Indianapolis, IN has 3 bedrooms, 792 square feet of living space and a 0.08-acre lot.

When was 532 E Merrill St, Indianapolis, IN built?

532 E Merrill St, Indianapolis, IN was built in 1920, making it 106 years old. The building has 1 story.

What schools serve 532 E Merrill St, Indianapolis, IN?

532 E Merrill St, Indianapolis, IN is assigned to Henry W. Longfellow Middle School (middle), rated C+; Washington Irving Neighborhood School 14 (elementary); Arsenal Technical High School (high), rated F. All sit in Indianapolis Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 532 E Merrill St, Indianapolis, IN compare to other homes in Indianapolis 46203?

Among the 15,947 homes in Indianapolis 46203, it is worth more than almost all of them ($597,987 against a typical $154,327), its price per square foot is higher than almost all of them ($755 against a typical $132), it is bigger than 11% of them (792 ft² against a typical 1,188 ft²), its lot is bigger than 9% of them (3,528 ft² against a typical 0.13 ac) and it is newer than 31% of them (1920 against a typical 1947). Measured against all of Marion County, it is worth more than 96% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 532 E Merrill St, Indianapolis, IN?

The 2024 property tax bill for 532 E Merrill St, Indianapolis, IN was $1,694. The county assessed it at $76,100.

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Assigned schools

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